Kobo Resources Intersects Strong Gold Mineralisation at the Road Cut Zone with 19.0 m at 1.94 g/t Au; Northern Drilling Identifies Potential Areas for Future Resource Growth

Kobo Resources Inc. (KRI) has released assay results from fourteen additional diamond drill holes at its 100%-owned Kossou Gold Project in Côte d'Ivoire. The new drilling includes six holes at the Road Cut Zone (KDD0182, 0184, 0186, 0188, 0191, 0193) and eight at the Kadie Zone (KDD0180, 0181, 0183, 0185, 0187, 0189, 0190, 0192). Total drilling at the Kossou project now exceeds 53,430 meters across 260 holes.

Key reported intervals, all representing downhole lengths with no true width, include:

• KDD0191 (Road Cut, section RCZ500): 19.0 m at 1.94 g/t Au from 67.0 m, including 14.2 m at 2.44 g/t Au and 9.0 m at 3.29 g/t Au; plus 4.0 m at 2.05 g/t Au from 134.0 m (including 1.0 m at 7.17 g/t Au) and 2.0 m at 2.91 g/t Au from 156.0 m.
• KDD0188 (Road Cut, RCZ-200): 7.0 m at 1.28 g/t Au from 245.0 m, plus 4.85 m at 0.45 g/t Au from 218.0 m and 5.0 m at 0.40 g/t Au from 228.0 m.
• KDD0182 (Road Cut, RCZ000): 6.0 m at 1.17 g/t Au from 36.0 m, plus 3.0 m at 1.06 g/t Au from 156.0 m and 3.0 m at 1.22 g/t Au from 175.0 m.
• KDD0186 (Road Cut, RCZ000): 2.0 m at 2.17 g/t Au from 164.0 m, 3.0 m at 1.03 g/t Au from 186.0 m, and 1.0 m at 1.47 g/t Au from 292.0 m.
• KDD0192 (Kadie, KZ275): 9.0 m at 2.44 g/t Au from 62.0 m, including 2.0 m at 9.78 g/t Au.
• KDD0185 (Kadie, KZ250): 2.0 m at 9.26 g/t Au from 213.0 m.
• KDD0189 (Kadie, KZ400): 2.20 m at 3.91 g/t Au from 62.0 m.
• KDD0190 (Kadie): 5.0 m at 1.99 g/t Au from 100.0 m.
• KDD0193 (Road Cut): Four narrow intervals, with the best being 2.0 m at 1.38 g/t Au from 286.9 m.
• KDD0181 and KDD0183 (both Kadie): No significant results.

The company applied a cutoff of 0.30 g/t Au over a minimum 2.0 m, allowing no more than 3.0 m of internal dilution below 0.30 g/t except where asterisked. The release explicitly states that intercepts are downhole distances and true widths are unknown.

Kobo Resources Inc. (KRI) is a pre-resource explorer with no mineral resource or reserve and no revenue, carrying a market capitalization of approximately C$27 million. At this stage, the share price is driven by the perceived scale and grade of the Kossou system, as well as the credibility and timing of the maiden resource estimate.

The reported holes serve a resource-definition and continuity purpose, along with early-stage step-out testing to the north. There is no discovery hole in this release. KDD0191 confirms a shear that already had two mineralized intercepts on it. The northern holes extend the geological footprint but at grades below the deposit average, with a 200 m gap and no follow-up assays yet.

The anchor test results include: * KDD0095 (17.0 m at 3.87 g/t = 65.8 g·m, Oct 2025) * KDD0154 (7.0 m at 5.67 g/t = 39.7 g·m, May 2026) * KDD0179 (1.0 m at 68.60 g/t plus 5.0 m at 4.55 g/t, Sep 3, 2026)

The stock is C$0.20 today versus C$0.34 on 2025-09-29, C$0.35 at the March 2026 high, and C$0.17 at the 2026-07-31 low. It has round-tripped, not re-rated. Price action around the two most comparable recent drilling releases confirms the market has stopped paying for drill results: the Aug 6 release lifted the stock from C$0.19 to C$0.25 (+31%) over two sessions, while the Sept 3 release, which carried the highest-grade interval of the year (1.0 m at 68.60 g/t), produced no positive reaction at all (C$0.22 to C$0.20 over the following week).

KDD0191 at 36.9 g·m is at or slightly below the level of Kobo's better prior Road Cut holes, and its value is in width rather than grade. It neither breaks new ground on grade nor opens a new dimension to the system. The northern step-outs are directionally positive for footprint but deliver grade below the deposit's demonstrated range.

This is a competent, honest, in-line resource-definition release that adds confidence to a shear already known to be mineralized and adds a modest northern footprint extension that is not yet resource-grade. It does not change the resource thesis, does not change the scale story, and does not change the odds of the MRE. It is unlikely to move the equity more than a few percent in either direction. It is not a negative — nothing here fails to confirm a zone, and Kobo's continuity story is intact — but it is routine news flow whose significance is entirely subordinate to the pending maiden resource estimate.

Kobo Resources Inc. (TSX.V: KRI; FWB: Q1Z) is a growth-focused gold explorer operating in Côte d'Ivoire, headquartered for operational purposes in the Yamoussoukro District. The company’s primary asset is the 100%-owned Kossou Gold Project, a 110.2 km² property located approximately 20 km northwest of Yamoussoukro and 5-10 km from Perseus Mining's Yaouré Gold Mine, which holds 4.9 Mt of proven reserves. The Kossou project carries no NSR encumbrances and hosts the Jagger, Road Cut, Jagger South, and Kadie zones within a 9+ km gold-in-soil anomaly corridor. Drilling to date has totaled 53,430 m across 260 holes, supplemented by RC and trenching. No mineral resource estimate currently exists, with an inaugural NI 43-101 MRE targeted for H2 2026.

The company also holds the 302 km² Kotobi Permit, which features four defined gold-in-soil anomalies with peaks ranging from 430 to 1,420 ppb Au. Trench intercepts on the permit include 4.0 m at 2.68 g/t and 18.0 m at 0.88 g/t. The permit was renewed for three years, and the first drill program is slated for H2 2026. Additional ground holdings include the Yakassé earn-in, Bocanda South (293 km²), Perseus Research Permit (74.1 km²), Annéppé (18.3 km²), and Agnibilekrou (73.5 km²) under the Nesdave earn-in.

Metallurgical test work completed by SGS on Jagger and Road Cut composites showed 94-99% overall gold recovery, averaging approximately 97%, via conventional gravity plus cyanidation. The process demonstrated approximately 92% cyanidation extraction, rapid leach kinetics, low cyanide consumption of 0.39 kg/t NaCN, and lime consumption of approximately 2 kg/t CaO, with residue averaging 0.04 g/t Au.

According to the company presentation as of August 2026, Kobo Resources has a capital structure of 135.3M basic shares, 5.3M options, and 6.6M warrants, resulting in 147.2M fully diluted shares. The presentation reported a market cap of C$33.8M at C$0.25, with C$10.0M in cash and no debt. Ownership is split between management and insiders at 30.5%, institutions at 20.7%, and the public at 48.8%.

Management includes CEO and founder Edward Gosselin, President and COO Paul Sarjeant (QP), and Exploration Manager Chris Picken, formerly of the Yaouré drill programs. CFO Carmelo Marrelli provides shared services through the Marrelli Group. Technical advisors include Marc-Antoine Audet and Clay Postlethwaite, the ex-Newmont Africa chief geologist.